SpaceX (SPCX) stock jumped 10% after Musk predicted Starlink will carry over 90% of global internet traffic, citing nearly 11,000 satellites and 12 million subscribers. Rivals Amazon (AMZN) and AST SpaceMobile (ASTS) face multiple compression if Starlink's dominance gains credibility, handing SpaceX unprecedented pricing power in a historically fragmented market. It sounds nuts, but SoFi1 is giving new Active Invest users up to $3,000 in stock for a limited time, and all it takes is a $50 deposit to get started.2 See for yourself (Sponsor) SpaceX (NASDAQ:SPCX) never ceases to be in the headlines, it seems.
SPCX stock rallied Wednesday, closing up 9.65% to $146.15; the catalyst was a company town hall meeting in which SpaceX founder Elon Musk predicted that Starlink could eventually carry the vast majority of the world's internet traffic. The move in SPCX stock caps a bumpy summer, with the stock barely breaking even over the past month, pressured by post-IPO dilution and a massive 911.5 million share unlock on August 6. For investors, Musk's bold prediction could prompt them to take a closer look at their SpaceX share positions.
In a company update posted to the official @SpaceX account on X, Musk told employees the Starlink team "brought from nothing an entire global Internet system... the first high-bandwidth global Internet system to ever exist." The X posting with the full video can be viewed here. Musk added, "I actually think that down the road it will probably do the majority of the Internet. In fact, I think it might end up doing over 90% of all Internet traffic on Starlink." Musk noted that Starlink already has "almost 11,000 satellites in orbit... almost twice as many satellites as everyone else combined." He added that "with Starlink V3 and beyond, we'll go to 100,000 satellites." SoFi Active Invest is offering a limited-time promotion.
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SpaceX's Q2 2026 Connectivity revenue hit $4.29 billion, up 66% year over year, with Starlink subscribers doubling to 12 million and Enterprise and Government revenue up 108%. Furthermore, SpaceX's total revenue jumped 92% to $7.81 billion, easily beating estimates. SpaceX's engineering achievement deserves es as the rest of the industry combined, on a path to 100,000, is a genuinely staggering build-out.
However, Musk's forecast, if even partially accurate, describes a market structure that global communications hasn't really seen. Wireless calling prices have collapsed for decades because rivals kept crowding into the pipe. One operator controlling 90% of internet traffic would flip that dynamic and hand a single company enormous pricing power in a historically fragmented industry.
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